Chemical

According to a new market report published by Lucintel, the future of the global polytetrafluoroethylene market is attractive with opportunities in the industrial processing, electrical and electronics, automotive, construction, and healthcare end uses. The Polytetrafluoroethylene market is expected to reach an estimated $4.5 billion by 2027 with a CAGR of 7.0% 2021 to 2027.

The major drivers for growth in this market are increasing demand in the industrial maintenance sector particularly due to the chemical and oil resistance properties of polytetrafluoroethylene.

In this market, granular/molded, fine powder, aqueous dispersion, and micronized powders are the major polytetrafluoroethylene forms. Lucintel forecast that micronized powder will remain the largest segment by value and volume over the forecast period because of non-adhesiveness, low friction, non-stick nature, resistance to chemicals, heat, shock, and moisture, high dielectric quality properties. Aqueous dispersion is expected to witness highest growth over the forecast period.

Within the global polytetrafluoroethylene market, industrial processing will remain the largest end use and it is also expected to witness the highest growth over the forecast period due to increasing demand for polytetrafluoroethylene based plastic products in chemical processing equipment.

Asia Pacific (APAC) is expected to remain the largest region by value and volume and it is also expected to experience the highest growth over the forecast period due to growth in end uses.

Emerging trends, which have a direct impact on the dynamics of industry, include development of closed loop up cycling manufacturing, penetration of PTFE in new application, and new developments in the field of solar industry. Daikin, Gujarat Fluorochemicals, 3M Dyneon, Chemours and Hindustan Fluorocarbons are among the major suppliers of the polytetrafluoroethylene market.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global polytetrafluoroethylene market by end use, form, application, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Polytetrafluoroethylene Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global polytetrafluoroethylene market by end use, form, application, and region as follows:























This 187 -page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/polytetrafluoroethylene-market.aspx or write us at helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

This report answers following 11 key questions:

Q.1 What are some of the most promising potential, high-growth opportunities for the global polytetrafluoroethylene market by end use (industrial processing, electrical and electronics, automotive, construction, healthcare, and others), form (granular resins, fine powders, aqueous dispersion, and micronized powders), application (micronized form by application, granular form by application, fine powder form by application and aqueous dispersion form by application), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.3 Which regions will grow at a faster pace and why?

Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?

Q.5 What are the business risks and threats to the market?

Q.6 What are the emerging trends in this market and the reasons behind them?

Q.7 What are the changing demands of customers in the market?

Q.8 What are the new developments in the market? Which companies are leading these developments?

Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?

Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?

Q.11 What M & A activities have taken place in the last 5 years in this market?